Today’s Petrol and Diesel Prices: Check Fuel Rates in Your City
Wondering how much you’ll be paying at the pump today? We’ve got you covered. Find out the latest petrol and diesel prices for your city.
How Fuel Prices Are Determined
Fuel prices are a constant topic of conversation, and it’s important to understand the factors that influence them. Every day at 6 AM, oil marketing companies adjust the prices of petrol and diesel based on several key global factors.
The Influence of Global Crude Oil and Currency Rates
The price you pay at the pump is directly linked to the global price of crude oil. When crude oil prices rise, so do petrol and diesel prices. Currency exchange rates also play a significant role. A weaker local currency against the US dollar (the currency in which crude oil is traded) can make fuel imports more expensive, further impacting prices. Local taxes and other government levies also contribute to the final price you pay.